Issues with paperwork. --> No. No paperwork, no issues, but he keeps meticulous records.

Right. I am sure in the context SEC by paperwork meant something else than an accurate tally of who put how much money in. A simple google search would reveal what mentioned "investment prospectus" means, for example.

Important thread. This fiasco we had with BTCST needs to become a prime example and people need to become more active in saying it out loud if they think something is a scam. The Wikipedia article needs to have something on this as well. Bitcoin is especially useful for ponzi operators so this needs special attention.

Of course we can't really get rid of these until we get rid of human greed, which might prove to be a quite difficult task. But what we can do is at least take a more active stance against scams and try to teach people as best we can. That's all we can do, and hope that people get smarter.

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Important thread. This fiasco we had with BTCST needs to become a prime example and people need to become more active in saying it out loud if they think something is a scam. The Wikipedia article needs to have something on this as well. Bitcoin is especially useful for ponzi operators so this needs special attention.

Of course we can't really get rid of these until we get rid of human greed, which might prove to be a quite difficult task. But what we can do is at least take a more active stance against scams and try to teach people as best we can. That's all we can do, and hope that people get smarter.

No, we can define trust as our most valuable asset and prosecute those, who are proven to have destroyed it and are still destroying it in any way.

Letting them ride in the sunshine scott - free, is being complicit to cover up ppl who are too stupid, too negligent, too lazy, too evil or too ignorant to be entrusted